First Trust Preferred Sec & Inc R3 (FPERX)
| Fund Assets | 216.50M |
| Expense Ratio | 1.66% |
| Min. Investment | $1,000,000 |
| Turnover | 43.00% |
| Dividend (ttm) | 1.01 |
| Dividend Yield | 5.05% |
| Dividend Growth | -0.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 20.02 |
| YTD Return | 6.55% |
| 1-Year Return | 6.18% |
| 5-Year Return | 19.02% |
| 52-Week Low | 18.54 |
| 52-Week High | 20.19 |
| Beta (5Y) | n/a |
| Holdings | 217 |
| Inception Date | Mar 2, 2011 |
About FPERX
First Trust Preferred Securities and Income Fund Class R3 is an open-end mutual fund focused on generating current income and total return by investing primarily in preferred securities and hybrid capital instruments. The strategy typically allocates at least a substantial majority of assets to preferred stock and debt-like hybrids, targeting issuers across the financials sector and related industries where preferred capital structures are most prevalent. The portfolio spans institutional capital securities, contingent capital, and fixed-rate preferreds, reflecting the structure of key benchmark segments in the preferred and hybrid market. Managed by First Trust, the fund seeks diversified exposure to global corporate issuers while distributing income on a regular schedule. With an inception in 2011 and a Class R3 share structure, it is designed for retirement plan platforms and intermediated channels. The fund’s profile emphasizes credit quality within preferred markets and recognizes the unique risk-return characteristics of securities that combine equity-like subordination with bond-like income features, positioning it as a specialized vehicle for accessing the preferred and hybrid capital space.
Performance
FPERX had a total return of 6.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.68%.
Top 10 Holdings
17.02% of assets| Name | Symbol | Weight |
|---|---|---|
| Bank of America Corp | BAC.V6.625 PERP | 2.81% |
| Wells Fargo & Company | WFC | 2.23% |
| Barclays PLC | BACR.V8 PERP | 2.06% |
| JPMorgan Chase & Co | JPM.V6.875 PERP NN | 1.70% |
| Credit Agricole SA | ACAFP.V6.7 PERP 144A | 1.55% |
| LAND O'LAKES INC - Land O' Lakes Inc | n/a | 1.39% |
| BNP Paribas SA | BNP.V8.5 PERP 144A | 1.37% |
| Goldman Sachs Group Inc/The | GS.V7.5 PERP X | 1.32% |
| HARTFORD INSUR GRP INC/T - Hartford Insurance Group Inc/The | n/a | 1.30% |
| Lloyds Banking Group PLC | n/a | 1.29% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.0842 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0843 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0844 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0845 | Jun 30, 2025 |
| May 30, 2025 | $0.0847 | May 30, 2025 |
| Apr 30, 2025 | $0.0843 | Apr 30, 2025 |